Arnold's finances tell a shrewd tale (he's worth around $800 million)

[private_ryan]

R or D, give credit where credit is due, he came here at 18 with nothing.
/////////
http://www.bayarea.com/mld/cctimes/6507897.htm
=snip=
On Saturday, the Schwarzenegger campaign released financial disclosure forms that revealed a more extensive business empire than previously reported. Schwarzenegger has 100-plus ventures -- 19 of which are valued at more than $1 million -- that include individual stocks, managed stock accounts, private investment funds, venture funds, bonds, a number of direct stakes in operating businesses, and even a high-end mutual fund company overseen by Nobel laureates.

The former bodybuilder's personal fortune is estimated at somewhere around $800 million, according to multiple accounts and published reports.

The campaign late Sunday released his last two years of tax returns. Those show that he paid more than $9 million in state and federal income tax in 2001 on $26.1 million in income, while giving $4.2 million to charity.
http://www.bayarea.com/mld/cctimes/6507897.htm

[PartyPooper]

1. Goodness! He has more in personal wealth than Shrub's campaign chest!

And, the non-stop political commercials haven't even started! (Except, of course, for all of the 'freebie' plugs he's getting from the cable and network gag fests!)

Who says we don't have the "best politicians money can buy"?

:eyes:

[twilight]

2. to his credit

I must say that to Arnold's credit is something he said on an interview - "I can't be bought because I already have plenty of money." He seemed sincere about it.

I feel like he is really excited about running for governor. However, I really don't believe he has the experience, but again to his credit, he did graduate from college and is truly an example of a "self-made man".

I guess we'll see where it all goes from here.

:kick:

P.S. Vote NO on the recall. Gray Davis just did the State of California workers a great favor re: health care/insurance for 2004! Just got the info. in the mail today - talk about great timing. Way to go Gray! :D

[dArKeR]

18. What are the details on college? GPA, where, when, major, who paid....?

Thanks!

[Flubadubya]

28. That "can't be bought" statement means nothing...

He will do the Bushevik's bidding for free. He is obviously not interested in money, but power is another tantalizing bauble altogether, now isn't it?

On edit, sp.

[PROGRESSIVE1]

3. It's O.K for a REPUG to buy adds with his own money...

but when a Jon Corzine and a Mark Warner spend alot of money they are "buying" the office.

Again the HYPOCRACY is so OBVIOUS!!!!!!!!!!!!!!!!!!!!!!!!

[private_ryan]

4. and we said the same when "Republican" Bloomberg did it

welcome to politics.

[twilight]

5. too bad Davis isn't a millionaire

Then maybe he'd have a better chance of winnig the recall. However, I think he will win anyway as at least his name *duh* is familiar to most. You'd be surprised how many people don't even know who the governor of California is and I am talking about people that live in California - not elsewhere.

Vote NO to the recall - that is the most important thing!

:dem:

[fishnfla]

6. Takes the Planet Hollywood failures out of play

one business failure out of how many successes?

[dArKeR]

17. As the Media Whore reported falsely, Arnie does NOT manage a company,

his company or another's company. He hires a consultant company to manage his investments. This is a complete lie coming out in some reports like Arnie is a wiz analyst. He just gives someone his money to invest, almost blindly. Probably the only investment he made the decision on is Planet Hollywood.

I'd love to be a journalist 'with access'. I'd ask honest questions no matter if you're a Repuke or a moral Dem or an Independent.

What gets me is it seems very few people question the feces the GOP Media Whore's vommit up. Any reporter who doesn't/didn't question the consultant firm and/or Arnie before publishing a report that infers Arnie personally made these investments is a corrupt Media Whore. (Provable in a court of law). (And all the reports I've thus seen infer Arnie personally made these investments.)

All we know about Arnie thus far is:
1. He knows how to take steroids
2. He can read words from paper and remember them for at least 2 hours.
'Asta Lavista Baby'!

I have a Terminator 3 toon at below link
http://darker0darker.tripod.com/

[greenwow]

7. No wonder he's a repug!

He's a damn disgusting glutton! $800 million is just too much by a factor of about 8,000.

[FlaGranny]

8. Well, at least he paid his taxes

and gave a hefty sum to charities. I just hope he CAN'T be bought and that he IS ethical, if he happens to win.

[private_ryan]

11. why is he disgusting???????

what did he do wrong? I wish I had even 800 times less than he has.

[dArKeR]

20. Because this is an immoral GOP conspiracy and Arnie is a part of it.

It's won thing if he wants to run at a normal election.

This is a sinful GOP quest for power and Arnie's coup figure head.

[PartyPooper]

32. And, the GOP would love to flaunt Arnold as a 'trophy' in NYC next summer

at their Republican National Convention.

[snake1306]

22. So,

should "we" just confiscate $799,200,000 of his money?

What should be done with his confiscated wealth?

[demdave]

23. I am glad you have decided how much the rest of us are allowed to earn.

Now if you will only finish that decision on our freedom of speech and religion limits.

[Sheet22]

9. What I'd really like to know is......

We all know he's got lots of money, and we all know that means LOTS and more coming. I really wouldn't mind hearing him say what he stands for and what he wants to do with California if he gets it.

I wish I lived in California just to be able to vote, but alas, I'm not. Good luck my most western US colleagues, it'll be a fight.

:)

P.S. The Kennedy and Bush eastern compounds will see so much closer now-horrifying thought.:scared:

[pansypoo53219]

10. maybe that explains why Maria is still there

and he has to follow a new spending limit, but grey can spend as much as he wants.

i DON'T live there! why do i know that?!? Damned NPR.

[ElsewheresDaughter]

12. with nothing is correct...no education....except for body building...

spend all of his life so self absorbed...self-centered...and still is...i watched his bio on one of the cable channel last week...this man loves nothing and cares about nothing but promoting self....even his afterschool program involment had alterive motives...SELF ADVANCEMENT...he wants to be president of US...he stated this when he was 18

[NNN0LHI]

13. Wonder how much Shrubs tax cuts saved this boy? Man oh man

Hope someone is figuring that up.

Don

[rocketdem]

14. there is a lot to admire about Arnoldb

To be fair, one has to admit that his story is one of fulfilling the American dream. As someone who was involved in bodybuilding for nearly two decades, I've spent a good amount of time reading about Arnold, pro and con, from his autobiography (Education of a Bodybuilder) through to his expansive Encyclopedia of Bodybuilding and everything in between.

He arrived in this country about 35 years ago with just about nothing other than a contract with Joe Weider (which in actuality didn't amount to much cash at first). Thanks to a starring role in an offbeat documentary he was able to leverage his success in a fringe sport into a stunning career. Along the way he busted his ass educating himself in acting and in business.

Fine.

But that does not erase the fact that he is not qualified to be governor. He has no administrative experience and no governmental experience. Further, one cannot ignore his checkered past and how much of it stands in stark contrast to the Republican ideals.

Drug use? Extensive, particularly performance enhancing. Has he ever come clean about this? No.

What about the violence in his movies? Sure, I have no problem with it, but is that not precisely the kind of Hollywood excess that Republicans rail about?

One doesn't have to dig too deep to find accusations of womanizing. And then there's the whole matter with Kurt Waldheim and his Nazi past.

And finally, what does he stand for with regards to California? That state has enormous problems that require serious attention. If the whole idea is that the policies of the current governor are a failure, then certainly the focus of the recall must be on a collection of better policies to right the ship of state, right?

Yes, there is much about Arnold to admire with regards to hard work and personal success. But there is no demonstration that any of that reflects his capablity to fulfill the role of governor. How that is not an obvious fact can only be attributable to the failure of the media to treat this whole thing with the appropriate level of seriousness that it deserves.

[TennesseeWalker]

15. I have to agree.

Arnold's not the worst thing that could happen to California. I think he would be much more at home here on DU than he would be over at the Freep Joint.

[ElsewheresDaughter]

16. he is anti-union and stated so on leno ....he wants to bust all unions

he is anti-labor

[Nashyra]

19. Go to GD and look up the Kenny Boy story

I believe by Conason. Go read about who met with Lay during the engery crisis. Uh huh Arnold

[ElsewheresDaughter]

25. yup i read it and asked that very ? on sunday morning here

i wonder how much Enron stock ahhnuld held and when did he sell it....is that part of his $800 million????

[Democat]

21. Are there any articles on his anti-union position

These are the kind of things we're going to have to work fast on if we want to have any chance of beating him. If Arnold is really anti-union and pro-187, there should be enough voters in California to beat him. The media, though, may just keep promoting him nonstop for the next eight weeks and make the whole idea of issues seem silly.

[ElsewheresDaughter]

24. said it on jay leno

[barbaraann]

26. Gee, people with BFEE connections seem to do so well.

I don't think Arnold's wealth is due purely to prudence and luck.

[private_ryan]

27. listen guys

hate the guy because he has an R next to him all you want but he didn't just made the money. He started 30 years ago, well before the Bushies were in power.

all that said, I hope he loses badly....

[barbaraann]

29. But the Bush family has been powerful for generations.

Prescott Bush was powerful and wealthy (partly through Nazi financing) during the mid-1900's.

[thebeaglehaslanded]

30. Issa must be a bit ticked that he spent his $1.5 million to pay for

Ahnold's run in politics, when Ahnold could have done it himself. LOL!

[realFedUp]

31. I guess the state of California was the only thing he didn't own....

When you can own anything else....I guess the next best toy
is your own state.